The last presentation gave a new timeline with 2013 as possible commissioning (not construction which might mean 2014 commissioning).
I think that’s reasonable because this year’s season should give a good idea on whether we go with the current plan or something at 30-100% bigger.
No point in waiting to see if we can go even bigger than double IMO because that would push capex up.
After all we are already at a plant that can produce at 149,000oz per annum (scheduled production for year two in the scoping study pg 4). That’s an excellent start- already a 50% higher rate of production than the current production of SLR which has a market cap of just under $700mill.
A start at double that rate (up to 300,000oz/yr) would put us at rates of production of companies with market caps in the billions.
Obviously you need the mine life not just the production rates, to justify those market caps but management must have some very damned high expectations if 150,000oz/year isn't a big enough start to just get going now.
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